Altera Increases Quarterly Dividend By 50 Percent

Altera Increases Quarterly Dividend By 50 Percent
PR Newswire
SAN JOSE, Calif., June 3, 2013
SAN JOSE, Calif., June 3, 2013 /PRNewswire/ --Altera Corporation (NASDAQ:
ALTR)today announced a 50 percent increase to its regular quarterly cash
dividend.
(Logo: http://photos.prnewswire.com/prnh/20101012/SF78952LOGO)
Altera's board of directors has declared a quarterly cash dividend of $0.15
per share, to be paid on September 3, 2013 to shareholders of record on August
12, 2013. The company's previous quarterly cash dividend had been $0.10 per
share.
"Today's announcement reflects Altera's strong cash flow generating capacity
and our commitment to return a portion of that cash to our shareholders. Our
intent remains to increase the dividend over time as part of our efforts to
provide an ongoing and predictable return of capital to our shareholders,"
said Ron Pasek, Chief Financial Officer.
Forward-Looking Statements
Statements in this press release that are not historical are "forward-looking
statements" as the term is defined in the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are generally written in the future
tense and/or preceded by words such as "will," "expects," "anticipates," or
other words that imply or predict a future state. Forward-looking statements
include, but are not limited to, the amount and payable date for Altera's next
quarterly dividend and the company's intention to increase the dividend over
time. Investors are cautioned that all forward-looking statements in this
release involve risks and uncertainty that can cause actual results to differ
from those currently anticipated, due to a number of factors, including
without limitation, current global economic conditions and other risk factors
discussed in documents filed by the company with the Securities and Exchange
Commission (SEC) from time to time. Copies of Altera's SEC filings are posted
on the company's website and are available from the company without charge.
Forward-looking statements are made as of the date of this release, and,
except as required by law, the company does not undertake an obligation to
update its forward-looking statements to reflect future events or
circumstances.
About Altera
Altera® programmable solutions enable designers of electronic systems to
rapidly and cost effectively innovate, differentiate and win in their markets.
Altera offers FPGAs, SoCs, CPLDs, ASICs and complementary technologies, such
aspower management, to provide high-value solutions to customers worldwide.
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ALTERA, ARRIA, CYCLONE, HARDCOPY, MAX, MEGACORE, NIOS, QUARTUS and STRATIX
words and logos are trademarks of Altera Corporation and registered in the
U.S. Patent and Trademark Office and in other countries. All other words and
logos identified as trademarks or service marks are the property of their
respective holders as described at www.altera.com/legal.
INVESTOR CONTACT MEDIA CONTACT
Scott Wylie - Vice President Sue Martenson - Senior Manager
Investor Relations Public Relations
(408) 544-6996 (408) 544-8158
swylie@altera.com newsroom@altera.com
SOURCE Altera Corporation
Website: http://www.altera.com